Sprint Stock, Bonds Jump Amid Takeover Speculation

10/11/2012 11:40AM

Japanese cellular carrier Softbank is in advanced talks with Sprint to make a 'significant investment' that could be worth more than $13 billion and bring new leadership to Sprint Nextel. Photo: Reuters

This transcript has been automatically generated and may not be 100% accurate.

... I ... a shake up ... to install it tells all about it ... and I can wheel under the agency's then she is with a little more than fourteen percent ... lower George stall ... is looking to buy it ... hopefully Softbank insight which is the third largest mobile carrier in Japan ... I they also have a big stake in Yahoo Japan which is probably the most people recognize Softbank ... audio equipment Yahoo Japan ... and it's un clear quite how much of spent they want to buy into report said Barry whatever's fall apart there are two quarters ... but ... they wanna have a majority stake in Asia think they're going after Sprint spectrum ... holdings as as a key attraction deal ... I mean going gains the U S market ... it's pretty big deal yes all ... this other than of CNN is a very mature markets held a baby ... the advantages of bank isn't quite obvious because ... you have a market is already in the mid shore and you've got to heavyweights already and that that that spread is a distant third problem talking about eighteen T and Verizon wireless so yet it's not as if you would be easy for Softbank to come and and shake up the market the stone face challenges getting Getty getting get close to this that and in this Moose Osbourne shares ... saw these reverberating around Telegraph ... Clearwire ... which pronounce half of right and and Sealy's shares are up ... yen and ... the ... added attraction for Softbank always ... Clearwire has next-generation network technology dad is compatible with Softbank ... and possibly is also compatible with the county's India if you'll ever see that maybe deck become some type of next-generation network worldwide UC Avici Clearwater up was this person present the market could still ... be involved in the summer house on the PCS person yet that stock is down right ... and and that's them because they're worse there was speculation that ... Sprint might come and and and and ... disrupted did a deal that mantra PC US has with T Mobile ... now with Softbank going after spread them may be less likely however ... vary based on some fresh reporting that we have a point of U S J dot com ... aam ... there there is a sense that building and maybe Softbank by investing in its friends ... would get sprayed some much needed capital that's right today ... is to consolidate some of these holdings are and why the sector including maybe even ... TRT